Agencies embrace credit cards

Agencies' use of government credit cards is on the rise, with sales estimated

to exceed $16 billion this fiscal year, according to Frank Pugliese Jr.,

commissioner of the General Services Administration's Federal Supply Service.

GSA manages the governmentwide SmartPay contract, which provides agencies

with purchase, travel and fleet card services. The government can save around

$54 per transaction by using a credit card over a traditional paper-based

purchase.

"It made a lot of sense for government to move in that direction," said

Pugliese, who was speaking Thursday at a government forum sponsored by Visa.

GSA expects SmartPay sales to exceed $16 billion this fiscal year, up from

around $14.8 billion last fiscal year. Sales as of the second quarter of

this fiscal year already topped the $6 billion mark.

Not only is the average size of a credit card transaction growing, but agencies

are starting to use the cards in more sophisticated settings, said Dennis

Fischer, former GSA executive and current vice president for sales and integrated

solutions at Visa. "One of the growth opportunities is to use purchase cards

in larger" transactions, he said. Visa is one of the five vendors on the

SmartPay contract.

Featured

  • Defense
    The Pentagon (Photo by Ivan Cholakov / Shutterstock)

    DOD CIO hits pause on JEDI cloud acquisition

    Dana Deasy set cloud as his office's top priority. But when it comes to the JEDI request for proposal, he's directed staff to "pause" to compile a comprehensive review.

  • Cybersecurity
    By Gorodenkoff shutterstock ID 761940757

    Waging cyber war without a rulebook

    As the U.S. looks to go on the offense in the cyber domain, critical questions remain unanswered around who will take the lead and how clearly to draw the rules of engagement.

  • Government Innovation Awards
    Government Innovation Awards - https://governmentinnovationawards.com

    Deadline extended for Rising Star nominations

    You now have until July 18 to help us identify the early-career innovators and change agents in government IT.

Stay Connected

FCW Update

Sign up for our newsletter.

I agree to this site's Privacy Policy.